Oct 28, 4:18 PM ET
Flowserve reported third-quarter 2026 sales of $1.24 billion, up 5.4% as reported but down 1.2% organically, and adjusted EPS of $1.07, up 18.9% from a year earlier. The company raised the low end of its full-year adjusted EPS guidance to $4.10 to $4.20 but lowered its full-year organic sales growth outlook to down 2.5% to down 1.5%, citing Middle East conditions.
- Q3 reported EPS was $0.81 versus $1.67 a year earlier; the prior-year figure included a $266 million Chart Industries merger termination fee.
- Q3 adjusted EPS of $1.07 compared with $0.90 a year earlier; adjusted operating margin was 16.5%, up 170 basis points.
- Full-year 2026 adjusted EPS guidance low end raised from $4.05 to $4.10; range is now $4.10 to $4.20.
- Full-year 2026 organic sales guidance cut to down 2.5% to down 1.5% from approximately down 1%; backlog was $3.5 billion, up 20% year over year.
Read the filing on SEC.gov ↗
Sep 14, 7:00 AM ET
Flowserve said CFO Amy Schwetz, who also serves as interim Chief Accounting Officer, is leaving to join another publicly traded company, with her last day on September 30, 2026. Brian Ezzell, the company's current Vice President of FP&A, Treasurer and Investor Relations, will take over as CFO and interim Chief Accounting Officer on October 1, 2026. The company said there is no change to its full-year 2026 guidance, and the filing states that Schwetz's departure is not related to any financial or accounting issue.
- Amy Schwetz's last day as CFO and interim Chief Accounting Officer is September 30, 2026
- Brian Ezzell, 44, becomes CFO and interim Chief Accounting Officer effective October 1, 2026, and has held his current role since October 2024
- Ezzell's annual base salary is $625,000, with a 75% target annual incentive and a $1,600,000 target long-term incentive award beginning in 2027
- Flowserve expects no change to its previously announced full-year 2026 guidance
Read the filing on SEC.gov ↗
Aug 5, 4:15 PM ET
Flowserve's board elected Ajay Agrawal, Carrier Global's Chief Business Development Officer and SVP, Global Services, as a director effective August 5, 2026, and increased the board from nine to ten members. The filing describes Agrawal as independent and says he will serve on two board committees. The changes are board composition updates and do not include financial results or guidance.
- Ajay Agrawal elected to the Flowserve board effective August 5, 2026, filling a newly created seat
- Board size increased from nine to ten directors through an amendment to the By-Laws, effective August 5, 2026
- Agrawal will serve on the Organization and Compensation Committee and the Technology, Innovation and Risk Committee
- Agrawal is expected to stand for reelection at the 2027 annual shareholder meeting
Read the filing on SEC.gov ↗
Jul 29, 4:05 PM ET
Flowserve reported second-quarter 2026 sales of $1.17 billion, down 1.6% from a year earlier, while reported EPS rose to $0.77 from $0.62 and adjusted EPS rose to $0.95 from $0.91. The company narrowed its full-year organic sales guidance to approximately down 1%, citing the Middle East conflict, and raised the low end of its adjusted EPS guidance to $4.05 from $4.00.
- Reported sales were $1.17 billion versus $1.19 billion a year earlier, down 1.6%; organic sales fell 3.3%.
- Total bookings rose 25.5% to $1.35 billion, including record aftermarket bookings of $696 million.
- Reported EPS was $0.77 versus $0.62; adjusted EPS was $0.95 versus $0.91.
- Full-year 2026 organic sales guidance is approximately down 1%, versus the prior range of down 1% to up 2%; adjusted EPS guidance is now $4.05 to $4.20, versus $4.00 to $4.20 previously.
Read the filing on SEC.gov ↗
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